- ISIN
- US00764Q1085
- Issuer
- Reaves Select Research
- Inception Date
- Dec 21, 2004
- Category
- Energy Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
RSRFX Performance Chart
Reaves Infrastructure Fund (RSRFX) is up 21.7% since the beginning of the year. RSRFX is currently trading at $13 per share. Investors who bought $1,000 worth of RSRFX shares 5 years ago would now be looking at an investment worth $1,387.
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Returns By Period
Reaves Infrastructure Fund (RSRFX) has returned 21.71% so far this year and 15.81% over the past 12 months. Over the last ten years, RSRFX has returned 7.10% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Reaves Infrastructure Fund
- 1D
- 1.45%
- 1M
- -0.39%
- YTD
- 21.71%
- 6M
- 21.39%
- 1Y
- 15.81%
- 3Y*
- 15.75%
- 5Y*
- 6.76%
- 10Y*
- 7.10%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RSRFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2005, RSRFX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +11.8%, while the worst month was Oct 2008 at -17.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 9 months.
On a daily basis, RSRFX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.4%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.63% | 11.06% | -4.56% | 11.75% | -3.12% | 1.37% | 21.71% | ||||||
| 2025 | 3.88% | 0.57% | -2.33% | 0.39% | 5.25% | 2.96% | 3.05% | -0.87% | 5.28% | 0.00% | 0.25% | -13.33% | 3.73% |
| 2024 | -1.77% | 3.12% | 2.22% | -2.97% | 5.90% | -2.62% | 5.96% | 3.46% | 7.73% | 0.87% | 5.97% | -7.77% | 20.64% |
| 2023 | 2.80% | -5.33% | 2.70% | 1.99% | -5.16% | 2.90% | 2.00% | -2.54% | -5.39% | 0.13% | 6.02% | 2.46% | 1.77% |
| 2022 | -7.44% | -2.24% | 6.11% | -7.13% | -0.29% | -5.26% | 6.19% | -2.52% | -11.86% | 3.74% | 8.41% | -3.76% | -16.84% |
| 2021 | -2.26% | -3.27% | 7.16% | 5.12% | 0.53% | -0.44% | 2.30% | 3.81% | -8.08% | 3.63% | -0.00% | 6.25% | 14.56% |
Benchmark Metrics
Reaves Infrastructure Fund has an annualized alpha of 0.13%, beta of 0.84, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since January 03, 2005.
- This fund participated in 75.43% of S&P 500 Index downside but only 71.23% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.13%
- Beta
- 0.84
- R²
- 0.72
- Upside Capture
- 71.23%
- Downside Capture
- 75.43%
Expense Ratio
RSRFX has a high expense ratio of 1.10%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RSRFX ranks 10 for risk / return — in the bottom 10% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Reaves Infrastructure Fund (RSRFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RSRFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.78 | -1.92 |
| Martin ratioReturn relative to average drawdown | 2.37 | 12.44 | -10.07 |
Dividends
Dividend History
Reaves Infrastructure Fund provided a 0.42% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.07 | $0.15 | $0.26 | $1.07 | $0.60 | $0.06 | $0.78 | $0.90 | $0.11 | $1.92 | $0.26 |
Dividend yield | 0.42% | 0.66% | 1.50% | 3.03% | 12.44% | 5.16% | 0.56% | 7.44% | 10.43% | 1.08% | 19.57% | 2.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Reaves Infrastructure Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.07 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.10 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.20 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.01 | $1.07 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.56 | $0.60 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Reaves Infrastructure Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Reaves Infrastructure Fund was 55.96%, occurring on Mar 9, 2009. Recovery took 1012 trading sessions.
The current Reaves Infrastructure Fund drawdown is 3.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.96%Mar 2009 | 9mo 6d | 4y 7d | 4y 9moJun 2008 - Mar 2013 |
COVID crash2020 | -36.32%Mar 2020 | 1mo 3d | 1y 24d | 1y 1moFeb 2020 - Apr 2021 |
Bear market2022 | -27.35%Oct 2022 | 1y 1mo | 1y 11mo | 3y 18dSep 2021 - Sep 2024 |
2025 correction2025 | -18.72%Dec 2025 | 2mo 2d | 4mo 8d | 6mo 10dOct 2025 - Apr 2026 |
2015 correction2015 | -18.71%Aug 2015 | 11mo 21d | 10mo 1d | 1y 9moSep 2014 - Jun 2016 |
Drawdown Indicators
| RSRFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.96% | -56.78% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -18.72% | -9.10% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -18.90% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -25.43% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -36.32% | -33.92% | -2.40% |
Current DrawdownCurrent decline from peak | -3.00% | -1.80% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -10.08% | -10.71% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.83% | 2.03% | +4.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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